According to a press release, the Nuveen
PersonalPlan Target Maturity Solutions are offered in a
collective trust structure, which means they are pooled
investments that can be valued and traded daily and are
overseen by a bank or trust company.

”
This innovative, instant-diversification retirement
product is designed to meet rising institutional demand for
a flexible, market-sensitive approach in this category,
“
said Jam Zovein, Managing Director, Nuveen Investments, in
the press release.
“
Historically, many target date funds fail to give adequate
consideration to liabilities and do not deal sufficiently
with market risk, longevity risk and inflation
risk.”

Wilshire Associates will handle asset allocation
and monitor the investments for the target date funds and
AST Capital Trust serves as trustee for the funds,
according to the announcement.